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Reinsurance
Brit Insurance and Maiden Holdings have agreed a deal that will see Maiden's Excess and Surplus (E&S) unit, Maiden Specialty, complete a temporary 100 per cent quota share reinsurance agreement with Brit Global Specialty. 24 April 2013
Insurance
ACE Group has promoted senior casualty underwriter Gordon Knox to casualty manager, Scotland. Knox will be responsible for overall management and growth of ACE’s casualty portfolio in Scotland, focusing on client engagement and the maintenance and development of broker-focused working practices. 24 April 2013
Insurance
Paul Lawrence has been appointed as chief underwriting officer of Hiscox London Market Insurance, a newly created division, and joint active underwriter of Syndicate 33 alongside Russell Merrett. 24 April 2013
News
London-based business processing company Xchanging has appointed Mark Sullivan and Andy Campbell to its claims services business. 23 April 2013
News
The percentage of non-life catastrophe reinsurance ultimately covered by some form of insurance-linked securities (ILS) will double over the next four years, to the point this form of risk transfer could represent a third of the total market. 23 April 2013
Insurance
The European Commission has released a consultation on a Green Paper which it hopes will improve disaster insurance take-up in the European Union (EU) following an increase in natural catastrophes. 22 April 2013
News
QBE has appointed Sebastian Rice into its trade credit division as a senior underwriter. 17 April 2013
News
ACE Group has appointed Udo Wegerhoff as environmental insurance manager covering the Germanic region in a move to strengthen its environmental offering across Continental Europe. 17 April 2013
News
Some insurers may be on the cusp of withdrawing from the downstream energy market following two years of poor results, despite a mild hardening of rates caused by recent natural catastrophe losses, according to a report by Willis. 17 April 2013
Reinsurance
The start of 2013 has been characterised by yet more reinsurers forming sidecars. These are increasingly being seen as a feather in the cap for the reinsurers forming them while also reflecting a wider demand for ILS products. Intelligent Insurer reports 16 April 2013
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